Select Rehabilitation announces the acquisition of RehabCare from Kindred Healthcare LLC. Transaction terms were not disclosed.

Select, a founder-owned and operated provider of contract therapy services, employs an estimated 17,000 rehabilitation therapists serving more than 2,300 post-acute skilled nursing facilities, CCRCs, assisted and independent living facilities, schools and home health locations in 43 states.

RehabCare is Select’s eighth strategic acquisition in 8 years, a media release from Select Rehabilitation explains.

“Our incredible success is a true testament to our loyal and dedicated leadership team and therapists. Before founding Select 22 years ago, our CEO and our president were practicing therapists and I was a CPA advising growing businesses. We simply focused on delivering exceptional patient care at a single facility, then grew through word-of-mouth referrals. Despite our size today, Select remains a closely-held company with the same focus on quality of care.”

— Select’s Chairman and Co-founder, Neal Deutsch

Company Leaders Comment on Sale

“We are pleased to complete the sale of RehabCare to Select, an industry leader with the same values and dedication as RehabCare. This successful transaction is a testament to the innovative approach and clinical and operating expertise of RehabCare’s leadership team and compassionate caregivers.”

— Kindred’s President and CEO, Benjamin A. Breier

“We are thrilled to welcome RehabCare’s experienced leadership and dedicated therapy teams to the Select family. Their addition solidifies our best-in-class reputation throughout the U.S. and expands our mission to provide compliant-driven, outcome-focused patient care.

“We are honored to develop relationships with our new facility partners, and to introduce our state-of-the-art, technology-driven platforms that enhance patient care and deliver data-driven performance analytics.”

— Select’s CEO and Co-founder, Anna Gardina Wolfe

[Source(s): Select Rehabilitation, Business Wire]

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Select Rehabilitation Acquires RehabCare from Kindred Healthcare